Business

Kampala, Uganda | THE INDEPENDENT | The government has tabled before parliament a proposal to purchase 150,000 preference shares in Roko Construction Limited. State Minister for Finance Henry Musasizi, told parliament that the shares will be worth 202.13 billion Shillings which will be paid over a period of five years. The …

Kampala, Uganda | THE INDEPENDENT | Experts have voiced contrasting views on how the Bank of Uganda is using its policies to control rising inflation. Many argue that the measures could hurt the economy more, at least in the short run. The Central Bank on Tuesday raised its base interest …

Kampala, Uganda | THE INDEPENDENT | On July 6, Paint maker Plascon Uganda welcomed the She Cranes at their Namanve Plant and guided the netball team through company manufacturing lines. Company executives said in a statement that the visit for the She Cranes was a big testimony that the two …

Jinja, Uganda | PATRICIA AKANKWATSA | Last weekend was very lit with events, but the archetypal party lovers and animals flocked Jinja for Swangz Avenue’s Roast and Rhyme’s Nyam on the Nile edition. As it was away from Kampala’s dust and traffic jam, they threw on their favourite party outfits …

Kampala, Uganda | THE INDEPENDENT | The Uganda Bureau of Statistics (UBOS) has accused the World Bank of mixing up their figures and using wrong parameters, and have insisted that the Ugandan economy has entered into the threshold for the lower-middle-income status based on statistical data computations they have. According to …

Entebbe, Uganda | THE INDEPENDENT | President Yoweri Museveni has appointed Jenifer Bamuturaki Uganda Airlines CEO. Minister of Works Gen Katumba Wamala has confirmed the appointment in a letter to the board of Uganda Airlines. The appointment of Bamuturaki, who has been acting CEO, means efforts by the airline’s board …

Kampala, Uganda | THE INDEPENDENT | The High Court Civil Division has quashed a report by the Committee on Commissions, Statutory Authorities, and State Enterprises-COSASE that recommended the cancelation of the repossession of properties under the Departed Asians Property Custodian Board whose original owners did not return physically to Uganda. …

| THE INDEPENDENT | A new study has found that 23% of cigarettes sold in Uganda appear to be illicit, indicating unfair competition to the established tobacco products dealers and loss of revenue to government. The findings based on the BAT Uganda’s approved study that was carried out in the …

Kampala, Uganda | THE INDEPENDENT | Cabinet has adopted the proposed changes in the Microfinance Deposit-Taking Institutions-MDIs Act 2003. According to the proposed changes, MDIs will now offer all services offered by other banks, which has not been the case. The Minister of Information and National Guidance, Chris Baryomunsi communicated …

| THE INDEPENDENT | MTN Uganda has appointed Safaricom’s Chief Consumer Business Officer, Sylvia Mulinge, as its new chief executive officer effective October 1. She replaces Wim Vanhelleputte who has been promoted to a regional role as operating executive for the West and Central African Markets of Liberia, Guinea-Conakry, Guinea-Bissau, …